Markets vs Marketing (Corey's Confession) S04:E03
Pirates of Finance
00:00
Is There a Beta Bias in Long Short Portfolios?
In the mutual fund side, I think you end up without market neutral implementations, you end up with more beta. Part of it is so much of the industry has that performance chasing element that if you can hide a little beta in there when the market's going up, that's to your advantage against your peerswhen it comes to asset raising. So people ended up with lower leverage and sneaking some beta in there to try to use the beta to overcome the fees.
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